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20131202
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CNN
Dec 8, 2013 7:00am PST
the height of the cold war, 1995, enormous changes in technology that were taking place, it doesn't -- when i look at it today, it doesn't seem like it's more uncertain than those types. it is, why? >> it is, well, depending on how you look at it, everyone agrees that it exists. there is a political difference of significant dimensions between people who believe that the extent of government intervention has been so horrendous, that businesses do about the future.ide t for example, the percent of cash flow of business that is invested in any form of capital asset, is that ratio two years ago was at the lowest level since 1938. this improved somewhat, but it is still extraordinarily low. and what we're observing there is with all this money coming in, all the profit, the cash flow, it cannot find adequate investments to use. >> you believe that if the federal reserve does not unwind these measures pretty soon, we're in for trouble? >> eventually, yes. i think it will and that's the reason why there's a very obvious focus at the federal see serve of the timing of when they restore the
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